The case of Airbus, an airplane manufacturing consortium in Europe, which receives large subsidies from several European countries, best exemplifies which rationale for protectionist policies?

In 2014, global revenue for IBM was $2 billion lower when measured in dollars than when measured in local currencies. The reason for this discrepancy is the value of the

A) euro decreased relative to the British pound. B) U.S. dollar decreased relative to the Japanese yen. C) British pound increased relative to the U.S. dollar. D) U.S. dollar increased relative to most other currencies.

Answer the following questions true (T) or false (F)

1. If a firm's goal is to maximize revenue, it will price its product to correspond to the unit-elastic segment of its demand curve. 2. When Audrina raised the price of her homemade cookies, her total revenue increased. This suggests that the demand for Audrina's cookies is elastic. 3. If the price elasticity of demand is unit elastic, a 10 percent increase in price will result in a 10 percent increase in revenue.